Gold Price Forecast 2026: Bank Targets
Between the September edition of this register and this one, the thing that finally moved was the rate, not the targets. On 16 September the Federal Reserve raised its range to 3.75–4.00% — unanimously, the first increase since 2023, with…
Dollar–Treasury Correlation: Reading a Split Between the Short and Long End
A dollar exposure and a US rates exposure sit on most treasury reports as one line, because for long stretches they move as one. That link is a rolling correlation with a window, and it can hold at one end…
Gold Price Forecast 2026: Bank Targets — September Update
US payrolls rose 162,000 in August against a consensus near 55,000, and the same release revised July from a 23,000 loss to a 21,000 gain. Spot gold fell 2.2% to $4,376.04 on the print, and September-hike pricing — 63% on…
Central Bank Gold Buying and the Gap Between Metal and Paper Demand
Central banks bought 289 tonnes of gold in the second quarter of 2026, up 74% year on year, in the quarter gold posted its steepest decline in a decade. Over the same period, 72% of family offices held no gold…
Why Physical Gold Holds Capital Better Than Crypto: Custody, Security, Movement
For capital held outside the banking system, the choice usually narrows to two: physical gold and crypto. Both are asked to do the same four things — hold value across a monetary cycle, let growth accrue to whoever holds the…
Source-of-Funds Evidence for a Gold Purchase Funded from Digital Assets
A bullion purchase funded from digital assets runs through two record systems built to answer different questions. The digital-asset side generates addresses, transaction hashes, platform account statements and screening outputs — records that trace movement precisely and say little about…
Singapore Gold Market: How a City-State Built a Gold Hub
Demand for physical gold has shifted toward Asia; the infrastructure that prices, clears, and settles it has not. Most over-the-counter gold still settles loco London — in London, on London’s business days — even when both counterparties sit in Asia.…
Rand Refinery: History, Production & Authentication
Rand Refinery is the only refiner in Africa on the LBMA Good Delivery List, and one of seven refiners the LBMA appoints as Referees — the laboratories that assess applicants to the List, monitor the refiners already on it, and…
Gold Price Drivers: Rates, the Dollar, Central Banks, and Physical Demand
A gold price move reaches a treasury desk or an investment committee as an attribution problem: the same weekly change can trace to a real-yield repricing, an official-sector purchase programme, or an ETF liquidation, and each cause carries a different…